Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
Apparently there are 3 prevailing theories for the direction of BTC.
1 BTC tanks further and doesn't recover to a new ATH until 2028
2 BTC has bottomed and we make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle) *
3 BTC hasn't bottomed (a black swan event causes further declines) but we still make a new ATH at the end of 2024 and peak bull in 2025 (traditional cycle with a near death experience? lol)
* bitboy's prediction.
It's a lot of sideways and maybe some down followed by some up.
HODL
I think scenario 2 or 3 are most likely. Im leaning towards scenario 3, I think more pain due to the situation the world financial markets are in. The US havent even admitted were in a recession yet.
I agree. Scenarios 2 and 3 are the most probable, with 3 being the one I'm preparing myself for. As for the years he mentions (for 2 and 3), I believe they are spot on (i.e., ATH in late 2024 and mega-bull in 2025). Scenario 1's ATH/bull of 2029-2030 is far too bearish and will be a total break from the 4-year cycle.
We are talking about 2-3 years of waiting, which is nothing really.